IPA brokers the sale of a264-unit luxury asset in Oakland, Calif.; NAI Capital completes a $4.3 million sale in Los Angeles; and NorthMarq arranges a $14 million FHA 223(f) loan to fund a conversion to very-low income housing.

Construction has begun on the latest San Gabriel Valley mixed-use development. Hutton Companies recently announced that its new project, La Verne Village, has broken ground and is now set to meet its construction deadline, in Q1 of 2014. The developer is investing approximately $43 million into the luxury apartment community that will be located at 2855 Foothill Boulevard, along the Historic Route 66, in the city of La Verne. Ontario-based NAI Capital is currently handling retail leasing for the property.